Oxbridge Re Holdings Ltd. Q4 FY2024 earnings call

• The company is proud of fortifying and diversifying its business, with core reinsurance business writing fully collateralized policies for low frequency high severity risks. - Established SurancePlus in 2022 to focus on RWA Web3 technology, offering tokenized reinsurance securities. - In Q2 2023, completed initial offering of DeltaCat Re security tokens on Avalanche blockchain, with investors receiving returns exceeding 49%. - Initiated strategic review process for Oxbridge Re Holdings and SurancePlus Holdings Limited. - Board approved inclusion of Bitcoin and Ethereum in corporate treasury reserve strategy. - SurancePlus completed private placement of EpsilonCat Re participation shares, raising approximately $2.9 million. - Announced partnership with Plume, a leading blockchain platform.

The company's core business is reinsurance, where net premiums for the three months ended December 31, 2024 were $595,000 compared to $523,000 in the prior year. For the year ended December 31, 2024, net premiums increased to $2.3 million from $1.25 million in the prior year. Total revenues for the fourth quarter of 2024 were $422,000 compared to negative $1.9 million in the same period last year. The company generated a net loss of $460,000 for the three months ended December 31, 2024 compared to a net loss of $2.67 million in the fourth quarter of 2023. For the year, the net loss was $2.7 million compared to $9.9 million in the prior year. The company also has SurancePlus, a subsidiary focused on RWA Web3 technology, which specializes in tokenized reinsurance securities, diversifying the business portfolio.

• Actively working on 2025/2026 tokenization offerings, with two targeted securities: a 20% annual return token and a 42% annual return token. - Monies invested between now and June 1 will earn a 3.5% annualized dividend. - Offerings will go live on June 1, with funds going into reinsurance contracts for the respective tokens.

Forward-looking statements are subject to various risks and uncertainties detailed in the Form 10-K filed with the SEC, including risks that could cause actual results to differ materially from forward-looking statements. These risks could materially affect the company's business, financial condition, and earnings volatility.

Q: Congratulations on another quarter with no losses incurred. Could you talk about underwriting risk management efforts resulting in that?

A: Oxbridge reviews contracts internally, looks at who else is on the contracts, and checks if the contract is adequately priced. They've turned away contracts in the past if not confident. Last year's contracts with 49% returns despite Hurricane Idalia show their underwriting.

Q: How have presentations been going and reception?

A: Presentations have been well received. Initially targeting crypto conferences, now also family office-type conferences. Both are needed as they reach different groups interested in the company's offerings.